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Turquoise Hill receives Temporary Interim Relief in relation to its proposed funding strategy News provided by Share this article Turquoise Hill" or the " Company") announces that it was successful in obtaining a temporary order (" Order") on its application for urgent interim relief in the arbitration proceedings with Rio Tinto International Holdings Limited (RTIHL) and a related party.  As a result of the Order, until further order of the arbitrator, Rio Tinto may not use the parties' existing contractual arrangements to: authorize re-profiling negotiations with project lenders in a manne...

Turquoise Hill seeks interim order from Arbitration Tribunal to protect viability of its proposed funding strategy News provided by Share this article Turquoise Hill" or the " Company") announces that it has brought an application for an interim order before the Tribunal in its arbitration proceedings with Rio Tinto International Holdings Limited (RTIHL) and a related party. The Company is taking this step in response to certain actions taken by Rio Tinto which will, if carried out by Rio Tinto: limit the Company's ability to pursue identified financing options for the Oyu Tolgoi project and,...

Turquoise Hill Resources Ltd. today announced fourth quarter 2020 production for Oyu Tolgoi, as well as operational and financial guidance for 2021 and provided an update on undercut criteria discussions. Operational highlights Full year copper production of 149,631 tonnes vs original guidance range of 140,000 – 170,000 tonnes Full year gold production of 181,858 ounces vs original guidance range of 120,000 – ...

Turquoise Hill announces Definitive Estimate Turquoise Hill Resources Ltd. announced the completion and delivery by Rio Tinto of the Definitive Estimate, which refines the analysis contained in the feasibility study underlying the Company’s Oyu Tolgoi Technical Report dated and filed on August 28 2020.  The results of the Definitive Estimate include: a revised base case project development capital cost estimate of $6.75 billion 1 confirmation that sustainable … Turquoise Hill Resources Ltd. (“Turquoise Hill” or the “Company”) announced the completion and delivery by Rio Tinto of ...

              Rio Tinto today unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world. The definitive estimate details how Oyu Tolgoi underground will achieve sustainable production for Panel 0 by October 2022 for development capital of $6.75 billion.   Rio Tinto and its partners, the Government of Mongolia and Turquoise Hill Resources (TRQ), need to continue to work together to finalise three other milestones - the outstanding government approvals, funding and a power so...